Gold Technical Outlook
The selling pressure in Gold since the London session opened has been extremely strong. This momentum could lead to a mitigation of the major support zone around $3,950 – $3,980.
A downward parallel channel is clearly visible on the chart, providing an additional confluence for bearish momentum.
As long as the 1-hour candle does not close above $4,065, the bearish bias remains valid.
🔹 Trade Setup (Sell Plan)
Entry Zone: $4,055 – $4,060
Stop Loss: $4,072
Targets: Major support zone at $3,950 – $3,980
🧭 Bias: Strongly Bearish
💡 Watch for any break and close above $4,065 to
The selling pressure in Gold since the London session opened has been extremely strong. This momentum could lead to a mitigation of the major support zone around $3,950 – $3,980.
A downward parallel channel is clearly visible on the chart, providing an additional confluence for bearish momentum.
As long as the 1-hour candle does not close above $4,065, the bearish bias remains valid.
🔹 Trade Setup (Sell Plan)
Entry Zone: $4,055 – $4,060
Stop Loss: $4,072
Targets: Major support zone at $3,950 – $3,980
🧭 Bias: Strongly Bearish
💡 Watch for any break and close above $4,065 to
交易开始
Price showing Strong Supply at the Marked. Level mentioned above 
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